GameStop

In this bearish market sentiment, the Solana-based meme coin GameStop (GME) is gaining massive attention from crypto enthusiasts following its recent price surge. On May 15, 2024, an on-chain analytics firm Lookonchain made a post on X (previously Twitter) stating that two newly created wallets bought a massive 22.79 million GME tokens worth $433K at an average price of $0.019. Traders’ eyes on GME meme tokens&nbsp; 
However,Lookonchain also highlights that these newly created wallets withdrew a massive 3,045 Solana worth $438K from KuCoin before buying GME tokens. This Solana-based meme token GME price surged more than 3,000% in upside momentum. The reason behind this massive price surge is a single post by retail trader Keith Gill with his X (previously Twitter) handle @TheRoaringKitty. 
Currently, the GME meme coin is trading near $0.018, and in the last 24 hours, it experienced a massive over 60% upside momentum. If we look at the performance of the GME meme token, in the last 7 days, this meme token experienced a massive over 3,000% upside momentum. In the last 30 days, GME saw a massive price surge of over 2,400%.
Despite this massive price surge, GME’s 24-hour trading volume remained decent at 4%, which highlights lower community attention as well as participation. GME technical analysis and key levels 
According to experts’ technical analysis, the GME meme token price is experiencing a consolidation zone between $0.0116 and $0.019. If in the coming days, GME gives a daily candle closing above the $0.019 level, then there is a high chance that GME will hit another new 52-week high. However, if the GME token price breaks down to lower levels of the consolidation zone, which is $0.011, there might be a chance that the GME token price may plummet.
This post on X not only surged the price of GME meme coins but also raised the price of the leading video game retailer <a href="https://news.todayq.com/gamestop-zooms-70-what-are-meme-cryptos-doing/" rel="noopener noreferrer nofollow">GameStop Corp</a> (NYSE: GME). Besides GME’s impressive performance, the overall crypto meme sector also soared massively, with top meme coins like PEPE and FLOKIN seeing an impressive price surge of over 7% and 10%, respectively.

Solana’s GME hype reaches next level, Here’s Why?

Todayq News

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